630 W Foothill Blvd - Apartments FOR SALE


Monrovia, CA 91016
$2,595,000 USD
714-365-2151
630 W Foothill Blvd, Monrovia, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/8
null | 4.06% Cap Rate

630 W Foothill Blvd
Monrovia, CA 91016


HIGHLIGHTS

  • 8-Unit Property Across Two Separate Parcels – Two 4-unit buildings, creating flexible exit strategies and expanded financing options.
  • Strong Rental Upside – Current average rents ~$1,700/month vs. ~$2,100+ market rents, with proven achievable increases already demonstrated.
  • No City Rent Control – Monrovia only follows California AB 1482 statewide guidelines.
  • Recent Exterior Capital Improvements – New roofs, exterior paint, and updated landscaping.
  • Excellent Parking Configuration – Each 4-unit building includes two 2-car garages plus tandem parking, providing two spaces per unit.
  • Single-Story Units – Efficient layout with front and rear access to each unit and washer/dryer room usage.

OVERVIEW

RARE MONROVIA MULTIFAMILY OFFERING! Offered to the market is the opportunity to acquire a 100% occupied 8-unit multifamily property ideally located along Foothill Boulevard in the desirable Monrovia submarket of the San Gabriel Valley. The property consists of two separately parceled single story 4-unit buildings, offering flexible financing options and potential future exit optionality. The asset features single-story 1-bedroom, 1-bathroom units with both front and rear access, supporting tenant appeal and efficient management. Each building includes four garage spaces plus tandem parking, providing two spaces per unit. The two buildings have a shared washer and dryer room generating additional income. Current average rents of approximately $1,700 per month remain well below market rents exceeding $2,100 per month, representing roughly 25%+ upside. One recently leased unit has already achieved market rent, validating the repositioning opportunity. Recent exterior capital improvements include new roofing, exterior paint, and landscaping. Four of the units have received interior upgrades including kitchens, bathrooms, flooring, appliances, fixtures, and finishes. The property benefits from Monrovia’s favorable rent control structure, only following California AB 1482 guidelines without additional local restrictions. Located near Old Town Monrovia, shopping, dining, and major commuter routes, the asset offers a compelling value-add opportunity with strong upside potential in a highly desirable rental market.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$590 USD /SF

# OF UNITS

8

PRICE/UNIT

$324,375

CAP RATE

4.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monrovia Apartments | 8 Units (Two 4

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MORH*

APN/PARCEL ID

8505-012-034,8505-012-035

ASK ABOUT THIS PROPERTY

Jack HopkinsHopkins Retail GroupMore Info
714-365-2151

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Jack HopkinsHopkins Retail GroupMore Info
714-365-2151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.